Which of the Following Statements About Social Regulation Is False

Which of the following statements about social regulation is false?

A) There are enormous costs and benefits to social regulation.
B) The cost-benefit test for regulation would expand regulations designed to benefit a very few at the cost of many.
C) The government should regulate industry whenever the benefits of regulation exceed the costs.
D) Many economists contend that the cost-benefit test for regulation should include the opportunity costs implied by interfering with the free market.
E) Some economists argue that any regulation costing more than $10 million per life saved should not be implemented.